Today the House Republicans released their midterm election manifesto, dubbed the "Pledge to America." In the Pledge, Republicans claim that in the time since President Obama took office, he and Congressional Democrats have "enacted $680 billion in gross tax increases." However, many of the tax increases the Republicans cite eliminate corporate tax loopholes. Additionally, Republicans ignore the fact that under President Obama federal taxes are at their lowest levels in 60 years and that Obama and Congressional Democrats have cut taxes for 95% of working families.